Reader Question: I’ve Lost a Lot of Money in the Market. Should I Get Out?

I receive a number of emails each week from readers and I try to answer all of them the best I can, but occasionally I get questions from multiple people that ask the same thing. In those situations I like to address the question as a post which can hopefully help others who probably have the same question but just haven’t asked. That’s what I’m going to do today. […]

ING Direct Financial Independence Days Sale

Online bank ING Direct is offering some goodies in July in time for Independence Day. July 4 is a bank holiday in the United States, so this sale starts early. July 1 and July 2 are the only days this sale will be available, so this offer is only around for a very limited time. The promotions have been expanded from what ING Direct offered in previous years. […]

Save Money on Groceries by Keeping Track of Prices

Miserly Moms: Living Well on Less in a Tough Economy (I profiled the author the other day) suggests that keeping track of prices on food is a great way to save money. In other words, if you know what a "good deal" is, you can then judge whether to buy something or not. The author records her information in a small notebook she keeps in her purse. […]

Best of Money Carnival

This week's Best of Money Carnival is now available. Congrats to all participants and especially the winning post, Can You Go To Jail If You Don’t Pay A Debt? Enjoy! […]

How to Lodge a Consumer Complaint: Spring Grove Soda Pop Inc.

In the past on The Simple Dollar, I’ve talked about how to lodge a complaint against a company if you’re truly dissatisfied with a product. I’ve always wanted to do a case study of such a complaint, but I’ve never had an experience severe enough to cause me to get involved. Until now. Pictured above on the right is a bottle of Spring Grove Lemon Sour soda, made by the Spring Grove Soda Pop Inc. […]

Paying for Packaging: It's Time to Stop

Next time you take a walk through the grocery store, take a look at the packaging — especially on relatively expensive items. Any item with a lot of packaging always costs more than its counterpart without. Hamburger Helper offers a great example: not only does it come in a box, but there are packets within the box. […]

3 Ways to Save Money on Maternity Dresses

When you're pregnant, getting dressed can be a real nightmare. With all the changes your body is going through, getting dressed in the morning takes on a whole new dimension. […]

Driving With Just Your Big Toe

“Hypermiling” is a word we use for doing everything you can to squeeze the best mileage possible from your car, including hardware modifications which may or may not void your warranty and certain driving techniques which may be both dangerous and illegal. […]

How to Unclog a Drain the Green Natural Way

When I first started looking at green ways to unclog a drain, I didn’t have a green motive. It was around ten o’clock at night, I was brushing my teeth and noticing the sink wasn’t draining nearly as fast as it should’ve, and I wasn’t about to go out to the store to buy some batch of chemicals to clear the drain. […]

The Rewards of Frugality and Thrift (or, Why We Scrimp and Save)

Over the past couple of weeks, more than a few GRS readers have complained about the site’s tone. These folks are afraid that Get Rich Slowly is turning into a column that’s only about frugality and self-denial, one that is neglecting the “rich” part of the blog’s title. […]

Buying the Best New (or Used) Car for You

Buying a car definitely takes a good bit of time and effort. It’s a big purchase and, if you’re like us, you want to get the most bang for your buck. Both of our cars are still running pretty well, but we know that they won’t last forever, so we’ve been thinking ahead. At some point we’re going to have to replace them, so we opened a savings account specifically for a new car. […]

The Right Way to Get a Complaint Resolved

Kiplinger lists what they call "the right way to get a complaint resolved" as follows: 1. Be prepared. Have documents, such as receipts, contracts, etc., to prove that you purchased a product or received a service. Know what type of resolution you would accept: replacement item, money back, store credit. 2. Contact the seller, service provider or manufacturer. Explain the problem politely. […]

Comparing fixed-rate and adjustable-rate mortgages

The majority of Americans are homeowners, and many of them carry mortgages for much of their adult lives, if not all of it.  A mortgage is a loan that has a house as collateral, and it’s usually the biggest loan a family will take out. In this post, I’ll describe and compare two kinds of mortgages:  fixed-rate mortgages and adjustable-rate mortgages.  Hopefully this will help you […]

Historical Gas Prices: Recession Indicator?

I started bracing for the gas price increase that was most assuredly coming after the oil spill disaster in the Gulf many weeks back. But as I stopped at the gas pump just this morning, I noticed something very odd. Gas prices seem to be holding up pretty well; in fact it was $0.25 cheaper today than when I filled up not long ago. […]

Decluttering and Your Money

Connie writes in: You write a lot about how there’s a deep connection between less clutter and financial success.  I don’t get it at all.  I think the opposite is true because when you clear out a bunch of stuff you would just have the space for a lot more. This is an issue I’ve discussed to a certain extent in both of my books. […]

The First Million is the Hardest Million to Make

The following is an excerpt from Your Financial Playbook: A Guide to Navigating the World of Personal Finance. Why does the 1st million seem so difficult to make? It’s the principle of compound interest that makes the 1st million the hardest million that you will ever earn. […]

How to Add Linked Accounts to ING Direct

As I noted when I wrote about closing our HSBC Advance saving account, I’ve been trying to streamline our finances. As a part of this process, I’ve also decided to interlink our remaining accounts more effectively. As has been the case for years, the “hub” of our online banking system is ING Direct, so today I wanted to share the steps for linking additional accounts to ING. […]

Adding a Joint Account Holder at Ally Bank

When I opened my Ally Bank account, I set it up as a joint account because it would be easier to manage. While I manage the bulk of our finances, it’s always easier when there is more access because then anyone can make adjustments and changes as necessary. […]